Frequently Asked Questions
Where can I get assistance in helping me start my business?
Build Your Business can help you turn a good idea or product into a viable business. If you are ready to take your business idea or concept to the next level, contact us TODAY!
How important is it to have a business plan?
Your business plan is not only a necessity when seeking financing for your project, it is a recognized management tool that outlines exactly what your company will do and how it plans to succeed. For help with starting or completing your business plan, please contact us!
How do I register my business?
The Business Development Centre provides services to register a business in Ontario. Registration is available for Sole Proprietorships, Partnerships and Trade Name Registrations. Receive your Master Business License on registering your Small Business in Ontario. This license is valid for 5 years after which you can choose to renew it. Click here to go to the Ontario Business Registration page.
Where can I go to get a loan?
The Business Development Bank of Canada (BDC) is the only financial institution dedicated exclusively to entrepreneurs and focuses on small to medium-sized businesses. To take a look at some of the loans/financing solutions for entrepreneurs, please click here.
Another option to apply for business loans could be through the major Banks in Canada (TD Canada Trust, Scotiabank, CIBC, etc.). These Banks are known as being a "one-stop shop" for everything financial, including a range of business loans. A small business plan is mandatory to apply for a business loan. Need help putting one together? We can help!
Click here to view some financial resources for business loans with some of the major Banks.
Are there any grants?
Entrepreneurs often report that getting financing is the most challenging aspect of starting or growing a business. If you are seeking funds for your business, please take a look at the Canada Business Network list of available financing outlets available. Click here to view the Canada Business Network page. The Province of Ontario also offers a wide variety of grants for small business owners. Please take a look at the Ontario website as the list of grants change frequently. Click here to view the list of grants on the Ontario website.